Days of Negative Free Cash Flow Look Over for Santos -- Market Talk

Dow Jones

May 27

0026 GMT - For Jarden, the key message from Santos's investor day was that the days of negative free cash flow are over--as long as oil prices are above $50 a barrel. Santos can invest $2 billion annually to grow production at a compound annual rate of 4%. Analyst Nik Burns says every $10/bbl above $50/bbl oil will generate $550 million-$600 million of free cash flow for Santos. The company will return at least 60% of this to shareholders. "While last-minute commissioning issues continue to plague Barossa LNG and Pikka (and we anticipate a production guidance downgrade in July), the free cash flow story is real and at $90/bbl oil price Santos should generate a 14% free cash flow yield," Jarden says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 26, 2026 20:26 ET (00:26 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2638219675"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2638219675\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2638219675?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-27 08:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2638219675","market":"sh","top_or_hot":-1,"title":"Days of Negative Free Cash Flow Look Over for Santos -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0026 GMT - For Jarden, the key message from Santos's investor day was that the days of negative free cash flow are over--as long as oil prices are above $50 a barrel. Santos can invest $2 billion annually to grow production at a compound annual rate of 4%. Analyst Nik Burns says every $10/bbl above $50/bbl oil will generate $550 million-$600 million of free cash flow for Santos. The company will return at least 60% of this to shareholders. \"While last-minute commissioning issues continue to plague Barossa LNG and Pikka (and we anticipate a production guidance downgrade in July), the free cash flow story is real and at $90/bbl oil price Santos should generate a 14% free cash flow yield,\" Jarden says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 26, 2026 20:26 ET (00:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Days of Negative Free Cash Flow Look Over for Santos -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDays of Negative Free Cash Flow Look Over for Santos -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-27 08:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0026 GMT - For Jarden, the key message from Santos's investor day was that the days of negative free cash flow are over--as long as oil prices are above $50 a barrel. Santos can invest $2 billion annually to grow production at a compound annual rate of 4%. Analyst Nik Burns says every $10/bbl above $50/bbl oil will generate $550 million-$600 million of free cash flow for Santos. The company will return at least 60% of this to shareholders. \"While last-minute commissioning issues continue to plague Barossa LNG and Pikka (and we anticipate a production guidance downgrade in July), the free cash flow story is real and at $90/bbl oil price Santos should generate a 14% free cash flow yield,\" Jarden says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 26, 2026 20:26 ET (00:26 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STO.AU","symbol_name":"SANTOS LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2638219675","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2638219675","pubTimestamp":1779841560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0026 GMT - For Jarden, the key message from Santos's investor day was that the days of negative free cash flow are over--as long as oil prices are above $50 a barrel. Santos can invest $2 billion annually to grow production at a compound annual rate of 4%. Analyst Nik Burns says every $10/bbl above $50/bbl oil will generate $550 million-$600 million of free cash flow for Santos. The company will return at least 60% of this to shareholders. \"While last-minute commissioning issues continue to plague Barossa LNG and Pikka , the free cash flow story is real and at $90/bbl oil price Santos should generate a 14% free cash flow yield,\" Jarden says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STO.AU":"SANTOS LIMITED","BK7142":"石油与天然气的勘探与生产","BK7507":"资源股"},"translate_title":"桑托斯自由现金流为负的日子即将结束——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STO.AU":0.9},"content_text":"0026 GMT - For Jarden, the key message from Santos's investor day was that the days of negative free cash flow are over--as long as oil prices are above $50 a barrel. Santos can invest $2 billion annually to grow production at a compound annual rate of 4%. Analyst Nik Burns says every $10/bbl above $50/bbl oil will generate $550 million-$600 million of free cash flow for Santos. The company will return at least 60% of this to shareholders. \"While last-minute commissioning issues continue to plague Barossa LNG and Pikka (and we anticipate a production guidance downgrade in July), the free cash flow story is real and at $90/bbl oil price Santos should generate a 14% free cash flow yield,\" Jarden says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 26, 2026 20:26 ET (00:26 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}